I have to disappoint you. Black Salvo negates the effect of Jack Wyvern as long as it is on the field. Well, you can activate Jack Wyvern's effect, but it will resolve like this:
1) Activate Jack Wyvern
2) Banish Jack Wyvern + another monster + target a monster in the graveyard
3) Jack Wyvern's effect is negated (due to Black Salvo)
4) You lost 2 monsters for nothing
Reason being, that Jack Wyvern activates while on the field, so it's effect resolves on the field even though it's not longer on the field. You can look at this Wikia entry for a similar ruling regarding Black Salvo and Exiled Force.
When a monster like "Exiled Force" is Special Summoned by "Debris Dragon"/"Black Salvo"/etc, if you activate the effect of "Exiled Force", then the effect will still be negated since it activated on the field, even though "Exiled Force" is no longer on the field.
(http://yugioh.wikia.com/wiki/Card_Rulings:Black_Salvo)